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50 Jones Creek Circle Greer, SC 29650

4 Beds 3 Baths - sqft Built 2018

$229,900

List Price

$1,640

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $101.19
  • 3 Days on Market
  • MLS # : 1432232
  • Updated Date : 11/20/2020 at 23:24
CONSTRUCTION
  • Beds : 4
  • Floor Size : '-'
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group Freedom

Listing Agent's Description

FANTASTIC CONVENIENT LOCATION! SMALL QUIET COMMUNITY! PRETTY PLAY YARD! SPACIOUS UPGRADED HOME! GOOD SCHOOL AREA! GREAT PRICE for ALL! LOCATION! LOCATION! LOCATION!...Located 2-3 minutes from abundant shopping, dining and various services on Wade Hampton Boulevard, while another 3-5 minute-drive puts you into the Taylors/Greenville areas, with a straight drive down the Boulevard into DOWNTOWN GREENVILLE. The other direction leads to I-85 within just a few minutes and to the GREENVILLE/SPARTANBURG INTERNATIONAL AIRPORT, and from there just a 20-minute drive into SPARTANBURG. LOCATION couldn’t get any better!!! This NICE COMMUNITY of NEWER HOMES is designed in a circle with a sidewalk throughout which also leads to a sidewalk outside the community, giving opportunity for walking or strolls with children on their little bikes, etc. The HOA provides yard maintenance year round, ensuring that all landscaping throughout community is well-kept. This particular lot is at the end of the street, offering additional privacy with a border of trees in the back, and with some fencing, will make a perfect “play yard” for children and pets. The HOME ITSELF has a wonderful floor plan, offering a room/space for everything and everyone! The Main Floor includes: a Living Room (could be Office or Playroom), a Dining Area open to the Family Room, which opens into the Breakfast Room and Kitchen. You will definitely appreciate this very open floor plan for your daily living! The Main Floor is complete with a Powder Room, a large walk-in Pantry and Laundry Room! The Upper Level offers the Master Bedroom Suite, 3 other Bedrooms, 1 other Bathroom and an open Loft/Bonus Room. The Master Suite is very impressive and large enough for a sitting/TV area (19x15). The large en-suite bath has double-sink vanities, a garden tub, separate shower, and a private “water closet”. This “almost new” home is BETTER THAN NEW, since the sellers have made significant upgrades after purchasing, including: painted all interior walls of home, installed flooring in all Main Floor living areas, new paint/hardware on cabinets, upgraded Laundry Room with cabinetry/shelving, replaced light fixtures and installed ceiling fans in some rooms, installed shelving in closets, completed upgraded Powder Room with new flooring, vanity, mirror, and light fixture. Folks, this home is lovely throughout and a GREAT BUY for some lucky buyers to be able to “move right in” to an established home an

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PRICE & RENT TRENDS

Zip Code: 29650

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $85k260k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 29650

ZipNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600Rent in $9171690

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Chandler Creek Elementary School Primary Regular 993 59 6
Greer Middle School Middle Regular 957 57 6
Greer High School High Regular 1,172 61 6

Chandler Creek Elementary School

  • Education Level: Primary
  • # of students: 993
  • # of teachers: 59
6
GreatSchools Rating

Greer Middle School

  • Education Level: Middle
  • # of students: 957
  • # of teachers: 57
6
GreatSchools Rating

Greer High School

  • Education Level: High
  • # of students: 1,172
  • # of teachers: 61
6
GreatSchools Rating
 

$206,910$252,890$229,900

PURCHASE PRICE

$1,476$1,804$1,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,640
EXPENSES Loan Payment -$848
Property Tax -$376
Property Insurance -$69
Property Management Fees -$131
CASH FLOW
$216

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$229,900

PROJECTED PRICE

$1,640

PROJECTED RENT

0.71%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.42%
Appreciation Year (1-5) 3.1%
Maintenance Year (1-5) 8.00%
Vacancy 6.12%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,674

INVESTMENT

$66,674

Down Payment
$57,475
Rehab Estimate
$5,750
Closing Costs
$3,449

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$848

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $57,475
Loan Amount $172,425
See What Happens When You Reinvest Cash Flow

9.08

YEARS SAVED

$33,369

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,640

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $1,659

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6403$1,650
$1,650
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 50 Jones Creek Circle Greer, SC 2
    • 4 beds 3 baths ∙ 2,272 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,272 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,640
    • $0.72
    •  
  • 124 Cotter Lane Greer, SC 1
    • 4 beds 3 baths ∙ 2,328 Sqft ∙ Built 4 beds 3 baths ∙ 2,328 Sqft ∙ Built
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.69
    •  
  • 203 Knoll Ridge Drive Greer, SC 3
    • 4 beds 3 baths ∙ 2,155 Sqft ∙ Built 4 beds 3 baths ∙ 2,155 Sqft ∙ Built
    LEASED 10/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.77
    •  
PROPERTY LISTING DETAILS
Britt Brandt
1.864.787.3873
Realty One Group Freedom
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1432232
Last Updated: 11/20/2020
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